https://www.taxtmi.com/caselaws?id=412402 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against a Corporate Debtor due to breach of agreement and outstanding dues. Ex-parte proceedings were conducted as the Corporate Debtor failed to respond. The Tribunal analyzed the outstanding sum, found it not time-barred, and within the limitation period. An Insolvency Resolution Professional (IRP) was appointed, and Operational Creditors were directed to deposit funds with the IRP. A moratorium under Section 14(1) of the Code was imposed to regulate actions concerning the Corporate Debtor. en-us Wed, 11 Aug 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412402 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against a Corporate Debtor due to breach of agreement and outstanding dues. Ex-parte proceedings were conducted as the Corporate Debtor failed to respond. The Tribunal analyzed the outstanding sum, found it not time-barred, and within the limitation period. An Insolvency Resolution Professional (IRP) was appointed, and Operational Creditors were directed to deposit funds with the IRP. A moratorium under Section 14(1) of the Code was imposed to regulate actions concerning the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Wed, 11 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412402